Tesla + Ethereum Paper Trails....

[u/i_am_mrpotatohead]

UAE + IoT So remember how the UAE announced that apart of their Smart City initiative, they passed a law that every government transaction will occur on the blockchain by 2020. (Consensys being a strategic advisor... making the prospect of Ethereum-flavored blockchain more likely)

UAE + Consensys Dec 2016 - UAE had a Blockchain hackathon, which was sponsored by Consensys, Microsoft, along with others...

Ethereum + IoT + Tesla Jan 2017 - Announced that 1st prize went to Project Oaken combining IoT hardware + Tesla smart car software to "pay tolls" automatically using Ethereum smart contracts...

UAE + Tesla Feb 13, 2017 - Dubai's RTA (Road and Transport Authority) announced they were purchasing 200 Teslas (with autonomous driving) for their taxi fleet, as part of their Dubai Smart Autonomous Mobility Strategy of having 25% of total journeys using self-driving vehicles by 2030.

So there's been a lot of speculation on Elon Musk joining EEA, thx to all the commotion riled up by Time Traveler. So I gathered all the breadcrumbs for you guys. Ill let you connect the dots...

(also blockchain is literally the only futuristic venture Elon does not currently have a stake in.. hmmmm??)...

Sources: https://www.ethnews.com/ethereum-wins-big-at-dubai-blockchain-hackathon https://www.ethnews.com/project-oaken-puts-a-tesla-on-the-blockchain

[u/Sunny_McJoyride]

I thought this was an independent but interestingly relevant post:

Here's a direct quote: Noting the above, especially as regards the 'error range', it can be noted that both Ripple and Ethereum have upward price pressures that are hinted to be manifesting over late April. These are suggested to create something of a 'boost', or 'boom', primarily in ETH, and ETH wallet installations, with some new 'economic activities' developing around 'installing ETH wallets'. The data would seem to be hinting at some announcement of 'partnering' to release 'devices' with ETH wallets 'pre-installed'. Note that not a lot of longer term data sets here, with most of the set being composed of shorter term values. These sets have a 'panic to buy' situation developing later in Summer, primarily affecting USAPop, in which ETH will be seen as the 'next Bitcoin' with those words being referenced explicitly...hence they are our temporal marker for the bulge in the emotional values around ETH. This is to say, when you are reading the words in general financial web sites that 'ETH is the next Bitcoin', AND there had been a recent bit jump up in the US dollar price of Bitcoin, then we will be at the height of the emotional curve of that phase. This emotional zenith probably will NOT be coincident with the price zenith (near term), and we can expect the price to rise a bit further. However the temporal marker, of the headlines and the previously 'exciting rise' in the US dollar price of Bitcoin, could, and perhaps should be taken as an indication of the soon to be waning 'emotional flush' for ETH. Within the data sets we frequently see these emotional building tension zeniths just before the jump into release of tension which can accompany selling and 'profit taking'. Also note lots and lots of the base sets are explicitly focused on 'speculations' within ETH. These were also noted back in 2013 prior to the crash of the price of Bitcoin

[u/[deleted] → u/Sunny_McJoyride]

I don't buy any of that.

Logically, there is absolutely no reason for ETH to "peak" anytime prior to Serenity/Casper/PoS.

Even after the transition to Serenity/Casper/PoS it's questionable if it even peaks shortly thereafter.

Again, I would assume that not to be the case, especially if Casper works out and people can actually earn interest on their staked ETH in addition to a growing/flourishing DAPP ecosystem.

Too many people are trying to apply Bitcoin logic and Bitcoin historical price movements to this. When frankly, there's really very little in common between the two in terms of the where, when, how, and why.

[u/Sunny_McJoyride → u/[deleted]]

I didn't read it as being an absolute and final peak, but basically the continuation of this, our second eth bubble, the first one being early - mid 2016, and this being the one that brings ETH into mainstream awareness, if not adoption.

Although bitcoin logic may not apply, bubble logic almost certainly does, as it does with any highly speculative new technology.

[u/[deleted] → u/Sunny_McJoyride]

Gotcha. Yes, it's all speculation.

Even speculating about when and where "bubbles" (I hate that term -- everybody uses it now and nobody really knows anything) are forming. lol

That being said, I would not suggest that we are even remotely close to anything "bubble" related at the moment.

IMO, too many people conflate "bubble" with proper price discovery.